PenFed Mortgage with Confidence

HOME

10 Benefits of Homeownership

What You’ll Learn:The importance of homeownership including building wealth and tax benefits

Topic Discussed:Purchase, Homebuying 101, PenFed Top 10, Getting Started

Expected Read Time:4 MINS

Published: Apr 19, 2023

Is homeownership right for you? Explore 10 of the top benefits of homeownership, from building equity to tax savings.

What Homebuyers Need to Know About Closing Costs

What You’ll Learn:Average percentage for closing costs, typical fees, and ways you can save money

Topic Discussed:Purchase, Homebuying 101, First Time Home Buyer, Getting Started

Expected Read Time:3 MINS

Published: Apr 19, 2023

Learn who pays mortgage closing costs, how to estimate homebuyer cost to close, what fees make up closing costs, and ways to save.

10 Benefits of Homeownership

What You’ll Learn:The importance of homeownership including building wealth and tax benefits

Topic Discussed:Purchase, Homebuying 101, PenFed Top 10, Getting Started

Expected Read Time:4 MINS

Published: Apr 19, 2023

Is homeownership right for you? Explore 10 of the top benefits of homeownership, from building equity to tax savings.

What Homebuyers Need to Know About Closing Costs

What You’ll Learn:Average percentage for closing costs, typical fees, and ways you can save money

Topic Discussed:Purchase, Homebuying 101, First Time Home Buyer, Getting Started

Expected Read Time:3 MINS

Published: Apr 19, 2023

Learn who pays mortgage closing costs, how to estimate homebuyer cost to close, what fees make up closing costs, and ways to save.

How to Get a VA Loan

What You’ll Learn:Steps involved in getting a VA loan

Topic Discussed:Purchase, VA Loans, First Time Home Buyer, Getting Started

Expected Read Time:3 MINS

Published: Apr 07, 2023

To get a VA loan, you have to be eligible. Find out what the requirements are, how to get your Certificate of Eligibility (COE), and what fees come with a VA home loan.

Buying Your First Home with a VA Loan: Getting Started

What You’ll Learn:Three key steps to follow before moving forward with a VA Loan.

Topic Discussed:Purchase, Homebuying 101, VA Loans, Getting Started

Expected Read Time:5 MINS

Published: Apr 07, 2023

Unsure where to begin as a first-time homebuyer in the military? Read our three-step guide to becoming VA loan-eligible.

What Insurance Do I Need For My Condo?

What You’ll Learn:Learn about what is and is not typically covered under condo insurance

Topic Discussed:Purchase, First Time Home Buyer, Homebuying 101, Getting Started

Expected Read Time:4 MINS

Published: Mar 23, 2023

Curious about condo insurance coverage? Here's some information to help you better understand standard policy coverages and limitations.

How Much Mortgage Can I Afford?

What You’ll Learn:Understand the factors and costs that go into homeownership

Topic Discussed:VA Loans, Homebuying 101, Getting Started

Expected Read Time:3 MINS

Published: Nov 16, 2022

Get your home loan financing questions answered, including: Can I afford a mortgage? How much home can I afford? Can I afford to buy a home?

Is it Better to Invest Extra Cash or Have the Smallest Mortgage Possible?

What You’ll Learn:Learn whether it makes more fiscal sense to invest or pay off your mortgage.

Topic Discussed:Purchase, Homebuying 101, First Time Home Buyer, Getting Started

Expected Read Time:7 MINS

Published: Nov 04, 2022

Should you pay off your mortgage or invest when you have extra cash on hand? Learn the facts and considerations to make an informed decision.
image

CONVENTIONAL LOANS

Rates starting at % (APR %)¹

 

Apply before becoming a member.

After your application, we’ll help you:

1. Discover you’re eligible to become a PenFed member

2. Open a Savings/Share Account and deposit at least $5

PenFed HELOC

Rates as Low as % APR with flexible use of funds

Apply before becoming a member.

After your application, we’ll help you:

1. Discover you’re eligible to become a PenFed member

2. Open a Savings/Share Account and deposit at least $5

Disclosures

1Rates are updated daily at 10:15am EST. The advertised rates and points are subject to change. The information provided is based on discount point, which equals percent of the loan amount, and assumes the purpose of the loan is to purchase a property with a 30-year, conforming, fixed-rate loan. Loan amount of $400,000; loan-to-value ratio of 75%; credit score of 760; and DTI of 18% or less. The property is an existing single-family home and will be used as a primary residence. The advertised rates are based on certain assumptions and loan scenarios, and the rate you may receive will depend on your individual circumstances, including your credit history, loan amount, down payment, and our internal credit criteria. Other rates, points, and terms may be available. All loans are subject to credit and property approval.